Investors' Soapbox PM

Buy Oracle Over Microsoft

The valuation disparity tips in Oracle's favor.

April 4, 2014

MKM Partners

The enterprise-software sector remains under pressure as investors rotate out of high-multiple growth-momentum stocks and into cheaper, more defensive large-cap technology stocks. In our view, there has not been one specific catalyst, but rather several factors that have exacerbated the selloff.

Fueled by investor appetite for new secular growth "winners," a low-interest-rate environment and higher...